Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MINVECO from Tielt, company number BE0875726886, closed financial year 2025 with a result of € 24,045 after tax. For that financial year MINVECO recorded a gross margin of € 178,488 and equity of € -14,436. Compared with financial year 2024, the result moved from € 52,967 to € 24,045. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ -14,436
▲ € 24,045 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,045
▼ 55% vs 2024
Profit after tax over the fiscal year.
€ 39,451
▲ € 32,393 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -76,936.
People and assets in 2025
€ 3,909
▼ 77% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,290
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 163,072
€ 43,691 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 6,310
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,578
▲ 97% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 131,628 | € 167,401 | € 173,209 | € 178,488 | ▲ 3% |
| Profit after taxes | € 4,661 | € 157,705 | € 52,967 | € 24,045 | ▼ 55% |
| Equity | € -249,154 | € -91,449 | € -38,482 | € -14,436 | ▲ € 24,045 |
| Total debts | € 1,064,802 | € 936,566 | € 819,670 | € 925,053 | ▲ 13% |
| Cash | € 60 | € 60 | € 7,058 | € 39,451 | ▲ € 32,393 |
| Land & buildings | € 855,449 | € 784,499 | € 708,742 | € 838,462 | ▲ 18% |
| Retained profit | € -311,654 | € -153,949 | € -100,982 | € -76,936 | ▲ € 24,045 |
| Bank debt | € 105,941 | € 25,041 | € 0 | € 163,072 | |
| Balance sheet total | € 925,648 | € 845,117 | € 781,188 | € 910,617 | ▲ 17% |
Key figures of MINVECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MINVECO?
What happened at MINVECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Veronique Deweerdt stepped down as director. NBB
- Dany Mestdag stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 24,045 (▼ 55% vs 2024). Source: NBB ↗
- Veronique Deweerdt became a director. NBB
- Dany Mestdag became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,661 profit in 2022 to € 24,045 profit in 2025.
Paid € 10,517 in corporate taxes since 2022.
Best year ever: 2023, with € 157,705 profit.
A new publication or filing at MINVECO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Veronique Deweerdt
Director
since 2025 · until 2031
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Aarsele-Dorp 17
8700 Tielt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0875.726.886
- VAT number
- BE 0875.726.886
- Registered office
- Aarsele-Dorp 17, 8700 Tielt
- Names & denominations
- MINVECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 August 2005
- Peppol
- Active · Active since 30 Nov 2024
- Contact
- myspa-aarsele.be
- Activities · NACE
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